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The Indian stock market today showed minimal movement with Nifty down 0.04% and Sensex declining marginally, while broader markets remained resilient with small-cap stocks gaining.
Shrimp and textile stocks retreated 2-4% after significant gains on US-India trade talk optimism, indicating profit booking by investors.
Individual stocks moved significantly on company-specific news, with ACME Solar, Indoco Remedies, and Swelect Energy Systems gaining substantially on positive developments.
Indian stock market today displayed a cautious trading pattern with benchmark indices trading nearly flat. Nifty 50 declined marginally by 10.55 points to 24,962.55, a 0.04% drop. Similarly, Sensex shed 35.37 points to settle at 81,389.78, also down 0.04%. Despite the minor decline, both indices maintained closeness to psychological levels, with Nifty trading around 24,950 and Sensex near 81,600.
Banking stocks provided some respite with Nifty Bank gaining 18.90 points to reach 54,554.90, up 0.03%. However, technology stocks faced pressure as Nifty IT dropped 300.80 points to 35,883, declining 0.83%. The broader market showed resilience with BSE Smallcap rising 103.87 points to 53,510.13, gaining 0.19%. Let’s explore further how different stocks performed today based on Moneycontrol Live Updates to understand what to expect in the coming days.
Export-oriented companies experienced profit booking after experiencing gains in the previous session. Shrimp and textile stocks, which had surged on September 10 following US President Donald Trump's announcement about resuming trade negotiations between Washington and New Delhi, witnessed corrections.
Apex Frozen Foods shares dropped over 4% to Rs. 246.28, despite having rallied 17% the previous day. Avanti Feeds declined 4% to Rs. 728.60 after gaining 15% on Wednesday. Among textile companies, Welspun Living fell over 2% to Rs. 122.50, while Raymond Lifestyle decreased nearly 2% to Rs. 1,286. These export stocks had jumped 10% and 2% respectively during the previous trading session on trade talk optimism.
ACME Solar Holdings gained 2% after its subsidiary secured Rs. 3,892 crore in project funding from the State Bank of India, as reported by Business Standard. The funding is for a 400-megawatt renewable energy project in Rajasthan. The stock traded at Rs. 308.30, marking the largest financing deal between the company and SBI Bank.
CNBC TV 18 reported that Five-Star Business Finance received shareholder approval for issuing non-convertible debentures worth Rs. 4,000 crore through private placement. The stock traded at Rs. 533.60, down 0.34%. Its trading volume is higher at 63,707 shares compared to its five-day average of 16,611 shares.
According to Angel One news, Bank of Baroda announced a reduction in its Marginal Cost of Funds-Based Lending Rate. The bank is cutting overnight MCLR by 10 basis points to 7.85% and three-month MCLR by 15 basis points to 8.20%. Bank of Baroda stock gained 0.71% to Rs. 239.75 following this announcement.
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The Economic Times market data shows that Indoco Remedies extended its gains for the second consecutive day, surging 13.40% to Rs. 313.90. The pharmaceutical company's stock reached an intraday high of Rs. 332.15, trading with volumes of 184,766 shares, significantly higher than its five-day average.
Swelect Energy Systems snapped its two-day decline with a 12.08% gain to Rs. 824.55. The energy solutions company saw trading volumes of 41,313 shares, a 748.60% increase compared to its five-day average of 4,868 shares.
The advance-decline ratio on NSE stood at 1,666 advancing stocks against 999 declining stocks, indicating broader market strength despite benchmark weakness. Foreign Institutional Investors (FIIs) showed net selling of Rs. 115.69 crore on September 10. Meanwhile, Domestic Institutional Investors (DIIs) demonstrated strong buying with net purchases of Rs. 5,004.29 crore.
Oil and gas, along with power indices, gained approximately 1% each, while automobile and information technology sectors declined. Most active stocks in the futures and options segment included Oracle Financial Services, Maruti Suzuki, BSE Limited, and Hindustan Aeronautics, indicating sustained institutional interest in these counters.
Top gainers in the Nifty 50 included Shriram Finance shares (2.47%), Adani Ports (2.08%), and Adani Enterprises (1.96%). Conversely, major losers were Bajaj Auto (-1.35%), Infosys stock (-1.31%), and SBI Life Insurance (-1.09%).
Today’s stock market sustained above the 25,000 level, and it remains important for further upward momentum. Technical analysts suggest that maintaining the September 10 low of 24,916 as support could pave the way for testing the recent high of 25,034. Current trading behaviour indicates consolidation around current levels with sector-specific opportunities emerging. Investors should keep an eye on macroeconomic developments, particularly Trump's trade talks with India, to gauge the direction the market may take next.
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1. Why did export stocks decline today despite positive trade talk news?
Export-oriented stocks like Apex Frozen Foods and Avanti Feeds declined 4% each today due to profit booking after significant gains of 15-17% in the previous session following US President Trump's announcement about resuming India-US trade negotiations.
2. What drove ACME Solar's stock price higher today?
ACME Solar gained 2% after its subsidiary secured Rs. 3,892 crore project funding from State Bank of India for developing a 400-megawatt renewable energy project in Rajasthan, representing the largest financing deal between the company and SBI.
3. How did the broader market perform compared to benchmark indices?
While Nifty and Sensex declined marginally by 0.04% each, the broader market showed resilience with BSE Smallcap gaining 0.19% and the advance-decline ratio favoring advancing stocks at 1,666 versus 999 declining stocks on NSE.
4. What was the FII and DII activity in the market?
Foreign Institutional Investors (FIIs) were net sellers with outflows of Rs. 115.69 crore on September 10, while Domestic Institutional Investors (DIIs) showed strong support with net buying of Rs. 5,004.29 crore, indicating domestic confidence in the market.
5. Which sectors performed well and which underperformed today?
Oil and gas along with power sectors gained approximately 1% each, while information technology declined 0.83% and automobile stocks also underperformed. Banking sector showed mixed performance with Nifty Bank gaining marginally by 0.03%.
